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RIYADH: Saudi Arabia’s Tadawul All Share Index increased 141.62 points on Tuesday – or 1.39 percent – to close at 10,359.74, from 10,218.12, thanks to oil price rise, extending a recovery. MSCI Tadawul 30 Index also increased 1.64 percent to 1,410.74, and the parallel market, Nomu, edged down by 0.21 percent closing at 18,928.89. TASI’s total trading turnover of the benchmark

RIYADH: Saudi-based developer Arriyadh Development Co. has seen a 20 percent decline in its profits during the first nine months of 2022, compared to the same period last year. The firm has reported SR261.7 million ($69.6 million) in profits during the period, compared to SR325 million in the corresponding period the year earlier, according to a bourse filing. Despite the

RIYADH: The Saudi-listed developer, Arriyadh Development Co., has acquired a commercial building at SR168 million ($44.7 million) in the north of Riyadh, according to a bourse filing. The deal is part of plans to diversify the company’s real estate and investments portfolio, it said in a statement. The building is located in Al-Malqa district, which is near the strategic

RIYADH: Saudi Arabia’s main index rose in early trade on Thursday, extending gains from the previous session as investors brushed off fears of a global recession. The Tadawul All-Share Index grew 1.22 percent to reach 11,306, while the parallel market Nomu started flat at 19,922, as of 10:08 a.m. Saudi time. Saudi oil giant Aramco began with a 1.29 percent gain, while Rabigh

RIYADH: Saudi Arabia’s main index ended higher for a second session following a sharp drop earlier in the week sparked by economic concerns. The Tadawul All-Share Index rose 1.39 percent to reach 11,120 at the end of Wednesday, while the parallel market Nomu rose 1 percent to 19,916. Abu Dhabi’s main followed the Saudi trend to close 0.4 percent up to 9,740 on Wednesday. In a